Tuesday, June 01, 2004

Monster Worldwide Inc, the parent of job site Monster.com, has bought Indian Web site JobsAhead.com as a part of a global acquisition drive to boost revenue, a company official said

The deal, worth about 400 million rupees ($9.6 million), is Monster's fourth acquisition in less than three months and is the first buyout in India, Asia's third largest economy and home to booming software and telecoms industries.

"Acquisition is one of the major strategies to grow the company's topline,"
---Stuart McKelvey, Monster's group president for the Asia-Pacific

"The online opportunity for hiring in India is growing at 80-90 per cent each year."